Reuters - Thermo Bids for Life Tech
Thermo Fisher Scientific made a binding offer for Life Technologies Corp as private equity firms raced to finalize a consortium to take the genetic testing equipment maker private, writes Reuters. Life Tech, with a current market value of more than $11 billion, has become an attractive target due to its strength in advanced diagnostics and gene sequencing and if Thermo Fisher were to prevail, the deal would make it a major player in the genetic sequencing market.
10 April 2013•3 mins read
